Originally Posted by RemoveB4flght

The Covid money masked the fact that we are in a recession that no one wants to see, and it will impact all the airlines. Furthermore you fail to show factual evidence for why the ULCC underlying business model is flawed, and instead you conflate the business model with quarterly losses. Uber Technologies posted it’s first operating profit ever last quarter, are they a failed business model?

More than one thing can be true at the same time:
1) The ULCC model works
2) Management has made some bad calls
3) Government spending has propped up different sectors of the economy